Exxon Mobil Corporation $XOM Shares Acquired by TCP Asset Management LLC

TCP Asset Management LLC increased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 404.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,072 shares of the oil and gas company’s stock after acquiring an additional 24,911 shares during the quarter. Exxon Mobil makes up about 0.6% of TCP Asset Management LLC’s portfolio, making the stock its 24th biggest holding. TCP Asset Management LLC’s holdings in Exxon Mobil were worth $3,503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Game Plan Financial Advisors LLC raised its position in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 300 shares during the period. 1248 Management LLC purchased a new stake in Exxon Mobil in the first quarter valued at $40,000. Marshall & Sullivan Inc. WA purchased a new stake in Exxon Mobil in the second quarter valued at $38,000. Bare Financial Services Inc grew its holdings in shares of Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 201 shares during the period. Finally, Investment Research & Advisory Group Inc. acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth about $42,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE:XOM opened at $116.55 on Friday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $120.81. The company has a fifty day simple moving average of $115.82 and a two-hundred day simple moving average of $112.55. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The company has a market cap of $491.51 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 7.41 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.5%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. Exxon Mobil’s dividend payout ratio is 59.88%.

Analyst Ratings Changes

A number of research analysts have commented on XOM shares. Citigroup upped their target price on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. UBS Group restated a “buy” rating on shares of Exxon Mobil in a report on Tuesday, December 9th. Jefferies Financial Group lifted their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Mizuho boosted their target price on Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.45.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the transaction, the vice president owned 28,584 shares in the company, valued at $3,349,758.96. The trade was a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.